• Sr. Executive-Planning & Inventory

Location Maharashtra Mumbai
Experience Range 2 - 5 Years
Qualification MFM/MBA/PGDM
Open

Job Description
About Us
Established in the year 2007, Reliance Brands Limited is an investment arm of Reliance Industries that began with a mandate to launch and build international and domestic brand equity in India. Over 13 years of rich experience catering to the segments of luxury, bridge-to-luxury, high-premium and high-street lifestyle, RBL has built a great understanding of the psyche of the Indian Consumer. With corporate offices in Gurgaon, Mumbai & Bangalore, RBL now operates over 50 brands spread over 430 stores and 345 shop-in-shops across the country and also own the retail concept stores The Tank & The White Crow across the country. In May 2019, RBL marked its first international foray by acquiring the British toy retailer, Hamleys. Globally Hamleys has 201 doors across 17 countries. In May 2019, RBL marked its first international foray by acquiring the British toy retailer, Hamleys. Globally Hamleys has 201 doors across 17 countries. In the same year, RBL also unveiled its multi-brand outlet The White Crow that showcases a unique curation of over 44 premium brands.
Profile Brief

 Role: The Company’s merchandise mix and assortments are constantly evolving as merchants and planners focus on what customers want to buy and respond by providing best of the products on a wider variety of name brand merchandise. Incumbent is expected to drive & maximize Sales & Profitability in the business by providing effective Merchandise Strategies. Planning & In Season management of Assortment & Inventory by Stores/Region/Product Hierarchy to achieve or exceed Strategic Business Targets viz. Top-line, Sell-Thru, Gross Margin, etc. He/she must have a keen eye to detail and decisions driven by customer needs

Key Responsibilities:

  • Merchandising Strategy
  • To support in devising a buy plan after reviewing the product performance
  • To assign base stock as per the Product Hierarchy & Store Location and manage the same to ensure each category is adequately represented at each store at all times
  • Gross Margin/P&L Management
  • Product pricing strategy to manage budgeted multiples
  • Optimizing Logistics cost
  • Discount budget management
  • Sell Through/Promotions Management
  • Generate and analyse inventory and sales reports to deduce relevant trends
  • Configure & communicate promotional activities to store team and in support to it, ensure adequate inventory
  • Best seller and slow mover reporting, planning stock rotation and restricting Opportunity Loss
  • Channel Management
  • Relationship management with all partners – Brand partners, SIS partners,      E-com partners and third party
  • Provide feedback on inventory health at various stores, circulate periodic reports like sell through, top sellers, slow movers, size set availability etc.
  • Build incentive plans for store teams – depending on prices, product and push strategy.

Desired Skills and Abilities:

  •    Strong numerical understanding
  •    Demonstrate strong business understanding with flair for fashion retailing.
  •    Self-starter, exceptional communicator and good at interpersonal skills
  •    Strong analytical skills
  •    Good planning and execution skills
  •    Good communication and interpersonal skills

Education & Experience Required:

  • PG in Retail Management/Fashion Management from a reputed business or fashion institute
  • 2-5 years of experience in similar role for retail Planning & Merchandise allocation
  • Preferred Industries – Organized Fashion Retailers/Ecommerce companies


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